patagonia: Increased buyer activity
- 10/29/10 07:03 AM
I have seen a measurable increase in inquiries, not clicks, coming through the internet in the past couple of weeks. It could be seasonal, but it could also mean that buyers are really thinking about buying. What a novel idea! Our market is long overdue for some serious people to show up and write contracts. I hope you all are seeing the same thing. … (3 comments)
patagonia: Sales up 44% in the Mountain Empire real estate market
- 04/19/10 10:04 AM
No matter how you look at the two main indicators of our market, unit sales or dollar volume, this is a better year than last for sure. During the first quarter of 2009, 4 homes changed hands with a dollar value of $1,008,900. This year 10 homes changed hands at a combined value of $2,412,400. (All statistics from the Tucson Multiple Listing Service.) Land transactions, however, were a different story: In 2009 there were 6 sales with a total value of $920,726 versus 3 sales with a value of $370,000 this year. When you consider the total dollar value of transactions … (0 comments)
patagonia: Global Warming and the real estate markets
- 01/31/10 01:55 AM
The following link takes you to an article that appeared in the Wall Street Journal about global warming. It is yet another explanation, but perhaps more plausible. http://ow.ly/12gus The national real estate markets, save for commercial, are generally looking very positive. Financing is still an issue and selling one home to buy another is still not the easiest task to complete. Nevertheless, the overall trend seems strong and sustainable. The Mountain Empire market is still undergoing some adjustment as there have not been nearly enough purchases of homes to offset the replacement inventory. Last year there were about 70 homes in our … (0 comments)
patagonia: The year end wrap - 2009
- 12/27/09 12:05 AM
It's 12/27/2009. Twenty-Ten is just hours away. I'm well into my thinking and planning for next year, but I am still reflecting on the year almost past. All of us in the real estate business were faced with new and challenging opportunities this year. It wasn't so much that we didn't know it was coming, but most of us are optimists and accepting the reality of fewer buyers in the market - and many fewer they were in the Mountain Empire - was really uncharted territory. We hunkered down and readjusted all our marketing and promotional efforts to bring in buyers to … (1 comments)
patagonia: What to do with too much inventory?
- 12/07/09 03:35 AM
Last Friday I ran a list of homes for sale in my market and listed on the Tucson MLS. It is astounding! The number just keeps on rising. The tally was 97 and there are several other homes listed elsewhere. Our normal sales level is about 35 and our normal number of homes for sale is about 45, with 60 being off the charts in the past. I believe everyone of the local REALTORS® is doing what they can to attract buyers, but it seems we just attract more and more sellers. I'm looking for any novel ideas out there to … (2 comments)
patagonia: Flurry
- 11/03/09 04:03 AM
Believe it or not, we had snow flurries about a week ago here in the high mountain grassland south of Tucson! We've also had a flurry of market activity, but will it develop into a full-flegged blizzard? I think not. This real estate recovery is going to take several years to get back to normal, but there will be bursts of activity in the interim. That's because there will be intermittent periods of bad news, the unemployment rate is going to take some time before it drops significantly and the lenders are still trying to figure out what to lend on. … (0 comments)
patagonia: Changes are a blowin' in the wind
- 09/19/09 12:58 PM
My own real estate buyer representation has picked up along with others in the Mountain Empire. It may be too soon to proclaim the downturn is over, but I'm inclined to think it is. I had forecast since the beginning of the year that the end of summer should be the end of our bear market here. I sincerely hope what I have been experiencing these past several weeks continues and we all enjoy a more normal market. With 80 homes for sale, or about a two year supply, I don't envision any short term price increases. What is surprising, of … (1 comments)
patagonia: Observations from these tight times
- 08/12/09 03:00 PM
It's happening in all markets - not just mine. A sign goes up on a property. The company may be familiar, but the agent's name is not. What's happening? Seller dissatisfaction with area companies and agents? Out-prospected by an eager beaver? An agent whose website comes up higher in a search even though they don't work the area? Actually, all of the above, or a combination. What's wrong with this? From one perspective, the seller's, nothing. From the local agents' (and the real estate commissioner's) practicing outside the area of one's expertise. How do you feel about this? … (1 comments)
patagonia: My (new) ActiveRain Blog
- 06/12/09 11:52 AM
I have just initiated a new blog in order to reach as many of my friends, customers and clients to keep them appraised of what's happening in my area.
The good news is: There are some escrows happening! I'm hopeful that my original forecast of the bottom happening this summer will become a reality. It sure seems that way right now.
I want to bring to everyone's attention a great new event for our Mountain Empire: The Mountain Empire Rotary Club is orchestrating a weekend of events centered around the vineyards of Elgin. Please visit the event website, www.mountainempirewinanddine.com, … (1 comments)
I have seen a measurable increase in inquiries, not clicks, coming through the internet in the past couple of weeks. It could be seasonal, but it could also mean that buyers are really thinking about buying. What a novel idea! Our market is long overdue for some serious people to show up and write contracts. I hope you all are seeing the same thing.
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